The industrial, commercial and IT hub employees are planning to shift or live in places close to the offices or factories or commercial hubs to SAVE time in commuting and to SAVE money.

Travelling to a far-off office has become a nightmare in Bangalore and employees face the brunt from pollution, travelling time and expenses. In a bid to reduce travelling or commuting time and expenses are planning to shift or relocate their houses, if possible, nearer to or closer to their workplace.

Hence, the demand for apartments, houses and villas near the industrial, commercial and IT hub has increased and the incentive is in the form of PRICES OF PROPERTIES, in and around the area, along with connectivity has boosted the stagnant realty market.

PG Accommodations, on the other hand, are doing well in these areas.

Apart from changing the location, safety and security are also very important and the buyers must also be very careful about the location.

The realty market is not upbeat and all the builders and marketing agencies are planning new techniques to dump or dispose of their unsold inventories in the market, but are finding it very difficult to clear it. New marketing strategies are evolved, but, not encouraging.

The Exchange Scheme offered by one of the builders appears to the first of its kind in Bangalore and is being sought after, as the builder has good market standing.

On the other hand, RERA has given a jolt to the small time operators and many scrupulous agents.

FEW GUIDELINES:

DO NOT EVEN THINK OF BUYING A PROPERTY WITHOUT RERA APPROVAL.

DO NOT EVEN THINK OF BUYING AN ILLEGAL OR UNAUTHORISED OR IRREGULAR PROPERTY, BECAUSE, IT WAS OFFERED – CHEAP.

DO NOT BUY B KATHA.

CHECK A KATHA, AS SOME KATHAS WERE AND ARE ILLEGAL AND ISSUED ON MISREPRESENTATION.